Walmart Associates in CaliforniaTo Receive Approximately $34
Million in Cash Bonuses

California bonuses are portion of more than $560 million earned
nationwide in Q4 performance-based bonuses and tenure-based one-time
cash bonuses

March 08, 2018 05:10 PM Eastern Daylight Time

IRVINE, Calif.--(EON: Enhanced Online News)--Today, more than 890,000 Walmart U.S. associates, including more than
136,000 in California, are receiving a share of more than $560 million
total cash bonuses, including:

“Our associates work tremendously hard to make every day easier for busy
families and today we celebrate how much we value their effort”

More than $160 million in cash bonuses based on their stores’ Q4
performance, and

More than $400 million in one-time cash bonuses tied to recent changes
in tax law.

In California, Walmart associates are receiving approximately $34
million in combined bonuses.

The bonuses, along with an annual pay raise for our hourly field
associates, are included in their March 8 paycheck. Between Q4
performance bonuses, tenure-based bonuses, pay increases and recent paid
time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly
associates during the months of February and March.

In January, Walmart announced plans to increase the starting wage for
all hourly associates in the U.S. to at least $11, expand maternity and
parental leave benefits, and provide a one-time cash bonus for eligible
associates of up to $1,000. A new adoption assistance benefit of $5,000
per child – announced in conjunction with the other changes – went into
effect on February 1.

"Walmart's continued investment in people will keep their workforce
strong but will also strengthen hundreds of California communities,"
said Bill Dombrowski, President and CEO of the California Retailers
Association. "Walmart's initiative will directly impact the daily lives
of tens of thousands of Californians."

Walmart associates earn quarterly bonuses as part of an overall
incentive plan designed to reward associates whose stores achieve sales
and customer service goals. Hourly associates in California earned more
than $6.6 million following Q4 comp sales of 2.6 percent in Walmart U.S.

For the full fiscal year, U.S. associates shared more than $625
million in performance-based bonuses, including more than $68 million
shared by California associates.

Walmart also recently cashed out to associates more than $300 million
in unused paid time off (PTO).

"Our associates work tremendously hard to make every day easier for busy
families and today we celebrate how much we value their effort," said
Angela Wilson, a regional general manager for Walmart in California. "It
was important to us that we further build upon the investments we have
been making in wages and skills development with family friendly
benefits, and we will continue to invest in our associates and their
futures."

Walmart in California

Walmart’s recent pay raises are just one part of the company’s local
investment and impact. In California, the company:

Paid more than $344 million in taxes and collected more than $1.1
billion in sales taxes in 2017.

*Information supplied by Dunn & Bradstreet

About Walmart in California

Walmart Inc. (NYSE: WMT) helps people around the world save money and
live better - anytime and anywhere - in retail stores, online, and
through their mobile devices. Each week, over 260 million customers and
members visit our more than 11,600 stores under nearly 60 banners in 28
countries and eCommerce websites. In California we serve customers at
304 retail units and online through Walmart
Grocery Pickup, Walmart.com
and Jet.com.
We are proud to employ more than 93,105 associates in California.
Walmart supports local businesses, spending $24.5 billion with
California suppliers in FY17, which supported 212,055 supplier jobs.
Learn more at the Walmart
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